Annuity Ready - 5 Years Payment (Tax deductible)

Retire with confidence

Annuity Ready – 5 Years Payment, helps you rest assured that you will have a regular income after retirement from the product’s pension benefit. The short, 5 year premium payment term allows you to manage your financial planning in accordance with your readiness and level of affordability at certain stages of life.

Highlighted Benefits

Be assured: Receive a total of 31 annual pension payouts, each equal to 20% of the sum assured, commencing in the policy year where the insured reaches 60 years of age. Payments will be made through until 90 years of age, for a maximum pension benefit of 620% of the sum assured for policyholders living until the age of 90.

Easy to apply: No health questions or medical check-up are required

Worry free: In the event of death before the commencement of pension payouts, the company will pay the beneficiary 105% of the total amount of premiums paid, or the cash value amount of the policy, whichever is higher.

Worthwhile: Personal income tax deduction benefit of up to THB 300,000 for premium paid, in case the insured has not yet exercised any tax deduction benefits, in accordance with the following conditions from the Thailand Revenue Department (Read more)

Life Coverage Benefit

In the event of death before the commencement of pension payouts, the company will pay the beneficiary 105% of the total amount of premiums paid, or the cash value amount of the policy, whichever is higher.

Sample of Benefit and Coverage (unit: THB)

For male, 35 years old with annual premium payment with sum assured of THB 514,139

End of Policy Year

Premiums

Benefit

Death Benefit 105% of Total Premiums Paid or the Cash Value, whichever is higher.

* The company will pay to beneficiary 105% of total amount of premium paid or the cash value amount of the policy, whichever is higher.** The company will pay a lump sum amount equal to total premium paid deducted by total pension payout. In case that total pension payout amount is more than total premium paid amount, the company reserves the right to not pay death benefit and the policy contract will become out of force immediately.

Preliminary Underwriting Guideline

Applicants should study, read and fully understand the benefits provided by this plan, as well as all policy conditions and policy contract wording before deciding to purchase this policy. Underwriting will be in accordance with the company’s conditions and regulations.

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